18340 Walnut Ave, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 2 bed, 1 bath
ACTIVE$179,999
18340 Walnut Ave, Lake Elsinore, California 92532
2Beds
1Bath
660Sqft
4,356Lot
Year Built
1973
Close
-
List price
$180K
Original List price
$179K
Price/Sqft
$273
HOA
-
Days on market
-
Sold On
-
MLS number
IV25255887
Home ConditionPoor
Features
Good View: None
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $180.0K(1th), sqft - 660(1th), beds - 2(1th), baths - 1(1th).
This home has a lot potential. This home features 2 bedrooms and 1 bathroom on its own land- no space rent! It offers electricity, water and is conveniently located near shopping centers and freeways access.
Price History
Date
Event
Price
11/07/25
Price Change
$179,999
11/06/25
Listing
$179,000
Condition Rating
Poor
Built in 1973, this property is over 50 years old and is explicitly described as having 'a lot of potential,' indicating a fixer-upper status. While the kitchen has some newer cosmetic updates like white shaker cabinets and laminate flooring, the unfinished ceiling, older appliances, and very basic, dated bathroom suggest major systems and aesthetics are largely original or minimally updated. The exterior shows significant wear and tear. The property requires substantial repairs and rehabilitation to address outdated major systems and overall condition.
Pros & Cons
Pros
Affordable Price Point: The list price of $179,999 is highly competitive for a single-family residence in California, making it an attractive option for first-time homebuyers or investors.
Land Ownership (No Space Rent): The property includes its own land, eliminating recurring space rent fees, which is a significant financial advantage and offers true property ownership.
Convenient Location: Strategically located near shopping centers and freeway access, providing ease of daily errands and commuting.
Essential Utilities Connected: Electricity and water services are already established, simplifying the move-in process and reducing immediate utility setup costs for a new owner.
Investment/Value-Add Potential: Described as having 'a lot potential,' this property is ideal for buyers looking to renovate and customize, offering significant opportunity for future value appreciation.
Cons
Small Square Footage: With only 660 sqft, the home is quite compact, which may limit its appeal to individuals or small families requiring more living space.
Age of Property: Built in 1973, the property is over 50 years old, suggesting that major systems (plumbing, electrical, HVAC) and aesthetics may be outdated and require substantial renovation or replacement.
Implied Fixer-Upper Status: The phrase 'a lot potential' strongly indicates that the property will require significant work, time, and financial investment for repairs, upgrades, or modernization, which may deter buyers seeking a move-in ready home.